New law could ban landlords from demanding 'extortionate' up-front payments
9 Articles
9 Articles
Labour to ban landlords from charging more than a month's rent upfront
Labour is set to ban landlords from charging more than a month’s rent upfront as part of planned rent reforms. The government has said it will ban the practice as part of its new Renters’ Rights Bill. As part of the bill, landlords will also only be allowed to raise rents once a year and to the market rate. Housing minister Matthew Pennycook said in parliament on Tuesday that “demands for extortionate rent in advance” can exclude certain groups…
Landlords to be banned from demanding several months' rent in advance
Private landlords will be banned from asking tenants for several months’ of rent payments in advance as part of Labour’s push to reform private renting.The Government will introduce new rules that cap advance payments at one months’ rent under the upcoming Renters’ Rights Bill.Landlords are currently able demand thousands of pounds in upfront rent payments, with concerns that renters without savings are being blocked from finding a home or being…
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